Buying Into Japanese And German Exporters
With the euro down nearly 15% this year and at a two-year low against the U.S. dollar, the worlds largest exporting nation is worth a good look. So is another country that has thriving exports in spite of a stronger currency. Were talking about Japan and Germany, respectively, the worlds second- and third-largest economies.
The top lines at leading German industrial companies are rolling in with impressive numbers for an almost zero-growth economy. Quarterly sales at S...
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With the euro down nearly 15% this year and at a two-year low against the U.S. dollar, the worlds largest exporting nation is worth a good look. So is another country that has thriving exports in spite of a stronger currency. Were talking about Japan and Germany, respectively, the worlds second- and third-largest economies.
The top lines at leading German industrial companies are rolling in with impressive numbers for an almost zero-growth economy. Quarterly sales at Siemens rose 13%, the fastest since 2003. BMWs sales rose by 11% in the third quarter, although high raw-material costs and pricing pressure resulted in weak net profits. A bright spot is Asia, where BMW expects to sell 150,000 cars per year by 2008.
Overall, German exports are up for the third-straight month and sales to countries outside of the European Union rose 18% annually from a year earlier. Clearly, the Germans are good at making stuff and selling it to the world, and the weaker euro is helping spur growth. Germanys DAX stock
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